First Majestic Silver Corp. Announces Quarterly Dividend of $0.01 (TSE:AG)

First Majestic Silver Corp. (TSE:AG) reported on Friday, February 28th, that it will distribute a quarterly dividend. Shareholders who are listed on record as of March 14th, will receive a payment of $0.0057 per share on that date. This translates to an annualized dividend of $0.02, providing a dividend yield of 0.30%. The ex-dividend date—the date on which a new buyer of the stock will not be entitled to the dividend—is set for February 28th.

First Majestic Silver Stock Performance

On the day of the announcement, First Majestic Silver stock opened at C$7.72. The company has a 50-day simple moving average of C$8.12. Over the past twelve months, the stock reached a low of C$5.94 and a high of C$11.58. First Majestic Silver's current market capitalization stands at C$2.61 billion, alongside a PE ratio of -20.02 and a beta of 1.36.

About First Majestic Silver

First Majestic Silver is publicly traded and primarily engaged in silver and gold mining, with operations located in Mexico and the United States. The company owns and operates several mines including the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine.

Investment Considerations

Investors interested in First Majestic Silver should consider the current market conditions and analyst ratings. While the stock carries a Hold rating overall, analysts are highlighting other opportunities that may present better investment options.

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